Venmo is launching a physical debit card

This week's highlights: Oculus just launched a VR TV app for its headset, Microsoft has unveiled visual search for Bing, YouTube is wooing creators with monetization tools, and much more

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WEEKEND ROUNDUP Venmo is launching a debit card PayPal-owned peer-to-peer (P2P) app Venmo is officially launching a physical debit card, allowing users to spend their balances in-store rather than transferring funds to their attached accounts. The card is distributed by major prepaid card issuer Bancorp and runs on the Mastercard network, despite beta tests conducted with Visa over the past year. It's currently in a limited release phase, starting as invitation-only for select Venmo users with a waitlist that anyone can join. And it complements Pay with Venmo, a feature that enables merchants to accept Venmo as a payment optionbut doesn't involve a physical card. Business Insider's Rachel Green has the full story. BI Intelligence Daily is just a preview of Business Insider Intelligence. Get started, risk-free today to unlock research reports, briefings, industry forecasts, exclusive data, and more. THIS WEEK'S BRIEFING HIGHLIGHTS Oculus just launched a VR TV app for its headset Oculus is broadening its VR content to appease a larger audience, focusing on entertainment for its new stand-alone VR headset, the Oculus Go. Read More → Microsoft has unveiled visual search for Bing Microsoft launched a new intelligent Visual Search tool for Bing that allows users to search the mobile web by uploading an image or taking a photo with their phone camera. Read More → YouTube is wooing creators with monetization tools YouTube unveiled new features aimed at helping creators generate revenue in areas beyond advertising, like subscriptions and merchandise. Read More → Automakers are going to burn through billions in the electric vehicle race Global automakers will spend a whopping $255 billion on research and development (R&D) for electric vehicles (EV) through 2023. Read More → Wells Fargo is moving into the rewards space Wells Fargo and Amex are partnering to upgrade the Propel card, a credit card that they stopped taking applications for in February, by adding new rewards and bonus offers. Read More → Snap is launching a gaming platform Snap is developing an in-app gaming hub, TechCrunch reported Wednesday. The hub will launch later this year, offering instant games within the Snapchat app. Read More → Andreessen Horowitz just announced a crypto fund US-based VC firm Andreessen Horowitz is reportedly "closing in on" $300 million for a blockchain-dedicated fund, called a16z crypto. Read More → PayPal has acquired Simility for fraud protection Simility uses machine-learning technology to enable online merchants to spot fraudsters and improve their risk management. Read More → Monzo integrates TransferWise UK-based Monzo is integrating UK cross-border money transfer company TransferWise into its app, which will allow the neobank's 750,000 customers to send international transfers in 16 currencies. Read More → Amazon is forging further into deliveries Amazon announced a new program, dubbed "Delivery Service Partners," that helps third-party businesses deliver packages for the company. Read More → Did a friend forward you this newsletter? Get it daily by clicking here. RESEARCH IN FOCUS AI in Marketing In a new report, Business Insider Intelligence examines the current and potential applications of AI within marketing. We dive into how AI enhances personalization, and identify the best practices for marketers looking to integrate the nascent tech into their strategies. We also look at how marketers cam implement AI to better target audiences, gain a competitive edge, and analyze data from social platforms. Finally, we evaluate how these applications will transform — and enhance — the way marketers analyze data, conduct burdensome tasks, and create content. Learn More → Digital Engagement and the Connected Car Media consumption is at a saturation point. After rising for much of the last decade, total digital time spent has been nearly static since the start of 2015. As a result, it's increasingly difficult for content producers to win over minutes of consumers' time. A new report from BI Intelligence provides a roadmap for service providers looking to offer their services in the car. It analyzes media consumption and overall digital time spent trends, and forecasts the growth of the connected car market in relation to the digital time opportunity. Learn More → The Digital Evolution of Wealth Management In this report, Business Insider Intelligence analyzes how emerging technologies like RPA and AI are transforming the wealth management industry, on both the front and back end, by increasing efficiency and opening up the space to new demographics. We explain how both incumbents and startups are applying these technologies to different business areas, and how successful they've been at implementation. Additionally, we take a look at the challenges wealth managers are facing as they look to revamp their businesses for the digital age. Learn More → Do you already have Business Insider Intelligence access through your company? Check here. CHARTS OF THE WEEK How wearables are transforming the health insurance industry Adoption of vMVPD services is shifting older as OTT viewing goes mainstream Security is the primary motivator for banks' increased investments in payments technology Do you know someone who would benefit from this newsletter? Send them this link: http://read.bi/bii-daily. BECOME A MEMBER You can gain access to everything BI Intelligence produces - ALL of our extensive research reports, newsletters, and data - when you claim your BI Intelligence ALL-ACCESS pass. With this level of membership, you will gain immediate access to… ALL Existing Reports Our research reports have taken thousands of hours to research, analyze and compile. With over 100 reports in our archive there is something for everyone with immediate profit-driving idea potential. Packed with data, insight and analysis the research helps you understand your chosen subject area in fresh new ways. 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